Eurasian Economic Union: A Preliminary Examination of Integration Effects
24 Pages Posted: 16 Jun 2020
Date Written: December 19, 2019
The paper concerns to examine to what extent the dominating in scholarly work assessments that the Eurasian Economic Union (EAEU) is a non-economic integration driven exclusively by Russia’s (geo-)political aspirations and enforced by Russia on the former Soviet countries against their best interests holds. This study aims at analysing the progress of economic integration and discussing the provisional outcomes of the EAEU. In doing so, the paper first briefly characterises the economic potential of the EAEU. Then, it examines the effects of integration in several respects: intra-EAEU trade, investment, labour mobility and economic and institutional convergence. Finally, the paper discusses the preliminary results of the analysis in a cost-benefit fashion and draws policy implications.
Keywords: economic integration, trade, investment, migration, convergence, Eurasian Economic Union
JEL Classification: F15, F21, F22, F24, P33
Suggested Citation: Suggested Citation